Nadex Self-Certification to Amend Contract Specifications, Definitions, and Volume Threshold Level
|Notice Type||Notice ID|
|Rulebook & Agreement||783.093016|
On September 30, 2016, North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) submitted to the Commodity Futures Trading Commission (the “Commission”), pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.6(a) of the regulations promulgated by the Commission under the Act (the “Regulations”), its intent to amend its Rulebook with respect to strike level widths for its 20-Minute Intraday US Indices, 5-Minute Intraday Currency, and Bitcoin Binary contracts. Nadex is also amending the end value on certain Currency Binary and Wall Street 30 Binary contracts in order to avoid duplicate strike levels, and adding 5-Minute Intraday Currency Binary contracts that expire on the hour.
Nadex is also amending the definition of “Speculative Position Limit” and adding the definition of “Volume Threshold Level”. Finally, Nadex is moving the Volume Threshold Level to its Chapter on “Terms that are Uniform Across Contracts”.
Should you have any questions or require further information, please contact the Compliance Department.